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Heads Up!

November 26, 2014 | Weekly Commentary
  • Update on year-end tax planning and new income tax legislation for “extenders” – the tax bill was killed before it even left the Senate Committee based upon input from the White House. Congress must regroup to first settle the differences between the White House’s goals and the Senate Democrats. Then the parties must reconcile their differences. In short, this tax bill’s future remains unclear. Stay tuned for further updates.
  • The bad guys are still trying to rob innocent Americans by masquerading as IRS agents. I have heard from 3 different clients who have either received a phone call or an email recently demanding immediate payment of income tax or penalty. DO NOT FALL VICTIM to these attempts. Legitimate IRS agents do not use this type of communication.

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